Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Competitive profile matrix of hershey company

04/12/2021 Client: muhammad11 Deadline: 2 Day

Apa and REF answer both

Find at least two students whose conclusions bring new levels of understanding to your view on Hershey’s external responsiveness or conclusions where you might disagree. Post a response to two students including an explanation of the value of their contribution to your understanding or where you would “respectfully” disagree

Soon101

An EFE or external factor evaluation matrix allows strategist to summarize and evaluate several factors externally of an organization to get a better understanding of the current condition of the business (David, F & David, 2017). The CPM or Competitive Profile Matrix “identifies the major competitors and its strengths and weaknesses in relation to the current firm’s strategic position” (David & David, 2017, p. 78). These matrices are useful for a company to quickly evaluate its business structure.

EFE- External Factor Evaluation

Opportunities

Weight

Rating

Score

Replacing high fructose corn syrup w/ sugar

.14

3

.42

Potential expansion into other countries

.16

2

.32

Introduction of new produces annually

.06

2

.12

Acquiring KRAVE-healthy eating company

.16

4

.64

Threats

Substitutes/decreasing cocoa proportions

.18

4

.72

Increase tax on sugary products

.12

3

.36

Increase prices

.12

3

.36

Competitors strategies

.06

2

.12

Total

1.00

3.06

Hershey Nestle Mars

Success Factors

Weight

Rating

Score

Rating

Score

Rating

Score

Product Quality

.25

4

1.00

3

.75

4

1.00

Management

.15

3

.45

3

.45

3

.45

Global Expansion

.20

3

.60

3

.60

4

.80

Market Share

.25

4

1.00

2

.50

3

.75

Healthy Versions

.15

3

.45

4

.60

2

.30

Total

1.00

3.50

2.90

2.30

For simplicity of the discussion, I only utilize four factors for the external factor evaluations and only five for the Competitive Profile Matrix. According to our text we should utilize at least twenty external factors and several factors for a comprehensive competitor profile matrix. For its competitor to be 10x bigger and have less market share puts Hershey in a great position to expand in other countries and increase its market share and financial position. However, if the decision is to expand, the one thing they will need to focus on is in how they are going to obtain more land to grow cocoa trees as NOT utilize substitutes in its products. It presently has good product quality and utilizing substitutes could potentially taint the image of the company. Reducing portion sizes would not be too much of an issue once expanding in to a new country. Hershey is in a good position in respect with it's competitors with potential for much growth.

References

David, F., & David, F. (2017). Strategic Management: Concepts and Cases (16th edition). Pearson Education, Inc

Soon102

Competitive Profile Matrix

Hershey

Mars

Nestle

Key Success Factors

Weight

Rating

W/S

Rating

W/S

Rating

W/S

Product Quality

0.20

6

1.20

5

1

4

0.80

Global Presence

0.20

5

1

3

0.60

4

0.80

Financial Position

0.20

8

1.60

8

1.60

7

1.40

Distribution Network

0.20

8

1.160

6

1.20

5

1

Customer Service

0.20

5

1

5

1

5

1

Totals

1.0

6.40

2.20

5.00

The Hershey company is leading in every asset of the five categories above on the Competitive Profile Matrix. With Hershey being largest producer of chocolate in North America and operate in around 80 countries around the world, they are attempting to corner the market on new technology with trying to get the machinery that will help speed up the process of making the candy into actual bars. The bars are being process on an assembly line, but the company want a computer to produce the bars efficiently.

References:

David, F. (2017). Strategic Management: A Competitive Approach, Concepts & Cases (16th ed.) Pearson Education, Inc

EFE

External Factor Evaluation Matrix

Hersey

Key External Factors

Weight

Rating

Weighted Score

Opportunities

1. Reports have been made on health benefits to eating dark chocolates

.12

6

.72

2. Demand for chocolate increased in China and India

.14

5

0.70

3. 81% of households consume chocolate candy

.12

4

.48

4. Room for growth and expansion

.14

3

.42

Threats

1.Demand for chocolate during the holiday season

2.Price fluctuations in dairy market

3. Obese in Americans

.14

3

.42

Totals

.66

2.74

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Rated Expert
Top Writing Guru
Engineering Guru
Top Grade Essay
Smart Tutor
Top Quality Assignments
Writer Writer Name Offer Chat
Top Rated Expert

ONLINE

Top Rated Expert

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$34 Chat With Writer
Top Writing Guru

ONLINE

Top Writing Guru

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$18 Chat With Writer
Engineering Guru

ONLINE

Engineering Guru

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$25 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$17 Chat With Writer
Smart Tutor

ONLINE

Smart Tutor

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$29 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$30 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Compliance based ethics programs are typically designed by - Tiling a patio math problem - Management - Virgil book 2 translation - University of windsor apply - Ap style time of day - Facts about the twelve apostles - How do humans affect the biosphere - Help - COM303 Week 7 Discussion 18 - Homes4u vale of glamorgan - Report for experiment 15 forming and naming ionic compounds answers - There are many ways to train a fly- 2009 Pitman - Discussion - Abnormal psychology 5th edition pdf - Linguistics for everyone 2nd edition answer key - Mary poppins short script for school play - Dursley minor injuries unit - Big bang theory card game they play - Smyths glasgow fort website - Penn foster practical english exam - What happens to fleance in macbeth - Eg america tom thumb rewards card - Hot topics in cognitive psychology - INR Initial Response Vietnam/ UN Security Council simulation. - Case problem 1 pelican stores managerial report - Guitar amp settings guide - Old westbury computer science - Spelling connections grade 8 answers unit 3 - Ig solid wall lintel - Must have the ability to answer fully with detailed answers, non plagiarized. - Skyline art editions a commercial printing service provides craftsmen who - Triangular arbitrage with bid ask quotes - Senge p 1990 the fifth discipline - Frito lay's quality controlled potato chips case study - Iris peabody classroom management - Moreton bay marine park - Functional testing electrical installation - How to address key selection criteria - What is erikson's fifth stage of psychosocial development - 1000 flowers auctioned per second in holland - Hush puppies creative brief - How to install mariadb on windows - Frankenstein chapter 3 summary - Collins math frameworking 3rd edition answers - The method listfiles filenamefilter is ambiguous for the type file - Integrated marketing mix tutor2u - Dr kushner's personality type diet quiz - "Salvage The Bones" Analysis Essay - North norfolk planning applications - Plutchik 8 primary emotions - Finance and cash flow bsg - How to calculate correlation coefficient on calculator casio - Reserach - Write a 1 page response to the text answering the following questions: - Winter solstice hilda morley analysis - Silicon tetrachloride can be prepared by heating - Utilitarianism's fundamental insight is that we should decide what to do by: - A job cost sheet of sandoval company - Dulux wash and wear oil or water based - Power point w12 - Main discussion - Er diagram for football league management system - Todd harbaugh age - At&t retail sales consultant test answers - They say i say essay format - Disadvantages of automating a manual accounting system - On may 1 pierce company purchased 60000 - Whirlpool case study in international business - Isbarr - Interview memo format - 750 words A review of two research articles - How you put people together affects? - Amazon alexa target audience - Lesson 2 3 quiz business law - The living room candidate answers - Decision tree analysis case study - Define accounting what are its objectives - Evan company reports net income of - Allies security services marrickville nsw - Puzzle 131 pandora's box - Hw treasury solution - 4s week 11 assignment EH - Virgin America: Flight Service for the Tech-Savvy - Walden university dissertation prospectus template - Who’s at Fault & white Collar Discussion - Research Critiques and PICOT Statement Final Draft - Resp DQ1 and 2 : 90words for each - Caribbean cricket club leeds - Holy sonnet 10 paraphrase - Morality and self interest course hero - Hp dl380 power consumption - Tax residency self certification computershare - Business Research Methodology - Excel 2019 In Practice - Ch 7 Independent Project 7-6 - Direct medicine courier pharmacy - Ascended master light great cosmic beings - Case analysis - Loyalty principal credit adjustment deserve - Jesus i am the